Manufacturing incentives scheme created 1,20,000 jobs so far: R S Prasad
The scheme provides subsidy on capital expenditure in the range of 20-25%. Under the Scheme, 397 proposals have been received so far out of which 252 proposals worth Rs. 72,048 crore have been approved while 145 proposals worth Rs. 36,076 crore are under appraisal. "As on date, incentives of Rs.897.07crore have been disbursed to 71 applicants," Prasad said.
Handset retailers’ earnings hit as mobile brands erase sales incentive
While the removal of sales targets would offer some relief to beleague...
With an eye on China, Government mulls duty hike on textiles, cameras, laptops
The issue is now before the finance ministry, which had earli...
India to promote manufacturing of some products to boost market share
In the last few months, the government has announced production-linked incentives for manufacturing of electronics, medical devices and pharmaceutical products while putting restrictions on imports of Chinese products.
Andhra Pradesh unveils new Industrial Policy, identifies 10 thrust areas to propel economic growth
The government has identified industrial zoning as a key focus area to ensure planned industrial development and provide a risk-free, investment-friendly environment for setting up and operating industries in the state with minimal impact on the environment.
Delay in reallocation of sugar export quota for 2019-20 worries industry, trade
The Union government under the Maximum Admisdible Export Quota (MAEQ) scheme, allocates mill wise sugar export quota. The mills who fail to use their quota within the given deadline, have to surrender it to be reallocated to the mills who fulfill their quota obligations.
India Inc's move to offer ESOPs to employees leave investors unimpressed
Companies look at Esops as a way to compensate senior managers who have taken steep pay cuts after the pandemic and reduce monthly cash outgo by making Esops redeemable down the line as an alternative to usual incentives
Gujarat announces Industrial Policy 2020, CM Vijay Rupani says it will make the state Atmanirbhar
The policy conceptualises thirst sectors categorising them in two major groups of Core sectors and Sunrise sectors. Core sectors include areas where Gujarat already has a strong manufacturing base and has potential to accelerate further on a global scale.
View: India's competition law needs to be fine-tuned to discourage predatory behaviour in digital economy
Antitrust regulators worldwide aim to strike a balance between enforcement and preserving the competitiveness of such markets, since adopting any quick-fix intervention measures could thwart innovation, thereby harming consumers. The other area of concern is regarding the ability of online enterprises to ‘tip the markets’ in their favour. This has necessitated increased monitoring efforts.
Disposed of claims under services export scheme except Delhi, Mumbai, Bangalore: Govt
The government on Tuesday said that all claims related to a key scheme for services exports have been disposed of except those in Delhi, Mumbai and Bangalore.
Aviation industry lobby group seeks incentives for the sector
Airports Council International has sought suspension of all national and local aviation-specific taxes until December 31, including passenger departing taxes and revenue share payment made by private airport operators, and a moratorium on new national and local aviation-specific taxes until December 31.
Govt incentives will help Indian pharma cos reduce API imports from China: Tata Mutual Fund
‘We have a very strong presence in the formulation market’
View: What can governor Shaktikanta Das learn from Subbarao’s mistakes?
As the payment moratorium deadline draws closer, Governor Shaktikanta Das’ dilemma may be no different from Subbarao’s. How to exit the Chakravyuh? The industry chorus for a one-time loan restructuring, if granted, is set to pull him in deeper than allowing an exit.
Auto companies may roll out incentives to draw customers
Dealerships are set to reopen this week amid relaxations in parts of the country since a nationwide lockdown was imposed on March 25.
MEIS not going anywhere, working on win-win solution for all: Piyush Goyal
“We are in dialogue with the requisite authorities. MEIS is not going anywhere. It is a cash flow issue,” Goyal said at a virtual event organised by the Confederation of Indian Industry. Stating that the Covid-19 pandemic has had an impact on government finances, he said: “We are trying for an early solution which is a win-win for everyone”.